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Dec 27, 2012
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when they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why did it end? because the global surplus of recycling mechanism could no longer be sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. enter a young turk in 1971. well, paul volcker -- that name may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. he was still national security advisor. volck
when they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation....
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Dec 28, 2012
12/12
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the pay for pentagon officials is not going to be cut. if this drags on into march or april, they will have to do furloughs, is essentially giving people vacations. host: the headline from "the wall street journal." is that one way to do that? guest: that is a painful way to do that. when people do not have money to spend, the economy is not going to grow. if this goes on for a couple of days and the stock market falls dramatically, congress and the white house may be able to avoid some of the long-term consequences. if everybody digs end, more disasters things could take hold. host: the president, vice president, speaker of the house, democratic leader of the house, will be meeting today. from the reporting you have done, what will be happening? guest: they could sit down and cut a deal in five minutes. they know all the issues. they know where their parties are. they could sit down in five minutes, shaking hands, and cut a deal. i do not think that will happen. o no dwant to be seen as the party that is caving in. i think they will say,
the pay for pentagon officials is not going to be cut. if this drags on into march or april, they will have to do furloughs, is essentially giving people vacations. host: the headline from "the wall street journal." is that one way to do that? guest: that is a painful way to do that. when people do not have money to spend, the economy is not going to grow. if this goes on for a couple of days and the stock market falls dramatically, congress and the white house may be able to avoid...
128
128
Dec 22, 2012
12/12
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this raises questions that the pentagon and the defense department must consider. what greater world the we need the military to play a defense of personnel overseas, especially in the broader middle east that has been never more unsettled? what is the right military posture for forces in the region? what do we need them to do? conversations about the military and defense right now, are mostly about budgets and numbers. it is important to talk more about objectives, strategy, and policies since the attack in benghazi could represent a kind of new normal in our dangerous world. the defense department needs to answer these questions. i might add in the authorization bill we added authorization for 1000 additional marines to be used to protect our installations, diplomatic installations overseas. it is essential for the community to conduct a similar arb-type effort. why did it take more than a week for the eye witnesses' accounts to reach our analysts put these witnesses could have told them in minutes there was no protest at our consulate, a conclusion that in the a
this raises questions that the pentagon and the defense department must consider. what greater world the we need the military to play a defense of personnel overseas, especially in the broader middle east that has been never more unsettled? what is the right military posture for forces in the region? what do we need them to do? conversations about the military and defense right now, are mostly about budgets and numbers. it is important to talk more about objectives, strategy, and policies since...
91
91
Dec 27, 2012
12/12
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when they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why did it end? because the global surplus of recycling mechanism could no longer be sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. enter a young turk in 1971. well, paul volcker -- that name may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. he was still national security advisor. volck
when they go to washington, it is not a philanthropic act on the pentagon's part to instruct boeing to build. it is pragmatic. the united states federal government -- unless europe is dollarized, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. the 1950's and the 1960's. a period of immense stability very low inflation....
147
147
Dec 25, 2012
12/12
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so we had a pentagon lie ace son. it got to the point we said we need a couple of f-16s they said sure. it got great. a lot of production value where it came. i think obviously they thought their public affairs and their public image through that show -- >> at the you same token i was visited by the dean of west point a few years later when there was some cry that some investigators in iraq and in afghanistan were being influenced by the content of the show and that their interrogation techniques were being informed by -- >> let me ask a question or finish your thought. >> no, i'll go back to it. >> i ask the question on the issue of terism in this country, "homeland" and "24" may or may not have had an affect on it. torture is a very, very prominent component of the show. and to what extent do you think that film and that show entered into the debate particularly under the bush administration? >> i think in "24" there was no -- the idea and it was promoted in certain articles and i think there was a con flation of po
so we had a pentagon lie ace son. it got to the point we said we need a couple of f-16s they said sure. it got great. a lot of production value where it came. i think obviously they thought their public affairs and their public image through that show -- >> at the you same token i was visited by the dean of west point a few years later when there was some cry that some investigators in iraq and in afghanistan were being influenced by the content of the show and that their interrogation...
114
114
Dec 23, 2012
12/12
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nominated senator john kerry as secretary of state and the new speculation about chuckle over at the pentagon. here are the comments of congressman dingell, the incoming democratic member of the house foreign affairs committee. but there is a huge opposition to the potential nomination of chuckled to become the next secretary of defense, even the president obama has not made his decision. the former senator has come under fire for statements he has made, including one where he referred to the pro-israel lobby as the "jewish lobby." what is your reaction to that remark? >> i think that remark is a troublesome and problematic. it shows that the very best, a lack of sensitivity, and at the very worst, prejudice. i am concerned about the nomination. chuck if has been in the senate for a number of years. there is not only a lot of controversy with that remark, but with some of his boats -- votes. i have been hearing it from what my constituents, mainly in opposition to his nomination. >> you mentioned his boats. there are two sets of things -- he declined to sign some letters in the senate that we
nominated senator john kerry as secretary of state and the new speculation about chuckle over at the pentagon. here are the comments of congressman dingell, the incoming democratic member of the house foreign affairs committee. but there is a huge opposition to the potential nomination of chuckled to become the next secretary of defense, even the president obama has not made his decision. the former senator has come under fire for statements he has made, including one where he referred to the...
105
105
Dec 28, 2012
12/12
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host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt military personnel, and he has indicated that he would do that. everything else is basically on the table. weapons systems, operations maintenance accounts, protected service member salary, all of those services are part of the great man's budget. host: what about procurement? caller: things that they buy. -- guest: things that they buy. and again, all of those programs, like the 30 -- like a fighter jet, that is on the table as well. host: military construction, what is that? guest of the money that the military spends to build the bases and various other facilities. host: testing and evaluation, is that big money? guest: it can be. before weapons systems are built there is a whole research and development fund. host: let's talk about what is not on the table. >> we will take you back to the white house where president obama will speak shortly. he is scheduled to speak at 5:45 p.m. eastern about the earlier meeti
host: what is on the table for the pentagon? guest: everything can be cut, but the president has the power to exempt military personnel, and he has indicated that he would do that. everything else is basically on the table. weapons systems, operations maintenance accounts, protected service member salary, all of those services are part of the great man's budget. host: what about procurement? caller: things that they buy. -- guest: things that they buy. and again, all of those programs, like the...